Is This Stock a Screaming Buy: NMI Holdings, Inc. (NASDAQ:NMIH)

Equity Research firms currently have a positive stance on shares of NMI Holdings, Inc. (NASDAQ:NMIH). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.20. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $9.13 on a short term basis.

At the time of writing, the stock was trading at $7.56. This represents a change from the opening price of 0.27%. In terms of performance, year to date, the stock is 10.93%. The monthly stock performance comes in at -4.82%. For the quarter, shares are performing at 33.39%. Weekly performance analysis shows the equity at 0.13%.

In taking a look at technical levels, shares are trading 1.36% away from the 50 day simple moving average and 25.22% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -8.14% away from it’s 52- week high and 80.43% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, NMI Holdings, Inc.’s RSI stands at 48.89. In looking at volatility levels, the shares saw weekly volatility of 2.76% and 2.22% over the past month.

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